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Double Event drilling complete - assays expedited

14 Nov 2018 09:58

RNS Number : 3283H
Rockfire Resources PLC
14 November 2018
 

This announcement contains inside information

 

14 November 2018

Rockfire Resources plc

("ROCK" or "the Company")

 

Double Event drilling complete - assays expedited

The Board of Rockfire Resources plc (LON: ROCK), is pleased to inform shareholders that its drilling program at the Double Event gold prospect in Queensland, Australia has successfully been completed well within time and within budget. Drilling has encountered sulphides, including pyrite and galena (lead sulphide) at predicted depths.

 

 

· 12 reverse circulation holes (total of 605m), with all holes intersecting vein quartz with varying amounts of sulphides including pyrite and galena;

 

· A single deep hole (118m) was drilled at depth beneath the eastern workings, where Rockfire drilled and intersected encouraging gold intercepts in June 2018;

 

· The samples have been delivered to the lab, and assay results are expected within the next week.

 

 

Chief Executive Officer of Rockfire, David Price commented:

 

"Owing to a much larger and more powerful drilling rig being deployed to Double Event, our intended 10-day program of drilling was substantially reduced, saving both time and money for the company. Our drilling has hit sulphides in positions which were anticipated from our surface mapping and ground magnetics."

 

The laboratory is reporting a reduced back-log of samples at present, so we anticipate that assay results may be back within the week. The market will be informed of results once they have been received and interpreted."

 

 

Hole

EAST

NORTH

RL

Depth

Azimuth

Dip ⁰

Number

(UTM)

(UTM)

(m)

(m)

(Mag)

BDE015

442501

7757818

377

118

10

-70

BDE016

440842

7758004

355

39

10

-55

BDE017

440880

7757995

357

40

10

-55

BDE018

440923

7757990

359

70

10

-55

BDE019

440965

7757998

361

40

10

-55

BDE020

441001

7757979

362

40

30

-55

BDE021

441043

7757977

361

22

10

-55

BDE022

441041

7757974

361

52

10

-70

BDE023

441058

7757971

360

52

10

-70

BDE024

441081

7757966

360

40

10

-55

BDE025

441080

7757964

361

52

10

-70

BDE026

441123

7757953

353

40

10

-55

 

Table showing Double Event RC hole locations and collar information, November 2018

Competent Person Statement:

 

Information in this announcement that relates to exploration results is based on information compiled by Mr David Price, a Director of Rockfire Resources plc, who is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr Price has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr Price consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

 

 

For further information on the Company, please visit www.rockfireresources.com or contact the following:

 

Rockfire Resources PLC

David Price, Chief Executive Officer

 

Email: info@rockfireresources.com

 

Cenkos Securities plc

(Nominated Adviser & Joint Broker)

Derrick Lee / Beth McKiernan

 

Tel: +44 (0)131 220 6939

 

First Equity Limited

(Joint Broker)

Tel: +44 (0)20 7374 2212

Jason Robertson

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DRLGGGAAGUPRUBC
Date   Source Headline
25th Jun 20183:59 pmRNSHolding(s) in Company
25th Jun 20187:00 amRNSDrilling hits gold over 400m of strike length
21st Jun 20187:00 amRNSChange of Name to Rockfire Resources plc
18th Jun 201812:16 pmRNSResult of AGM and Change of Name
14th Jun 201812:49 pmRNSHolding(s) in Company
12th Jun 20187:00 amRNSLighthouse drilling - all holes intersect sulphide
8th Jun 20187:03 amRNSMarengo Geophysical surveys confirm gold targets
7th Jun 20181:07 pmRNSBoard Changes
6th Jun 20187:39 amRNSBoard Appointment
29th May 20187:00 amRNSUpdate on Annual Report, AGM and Registered Office
24th May 20187:15 amRNSNew Epithermal Gold Zone Identified at Lighthouse
21st May 20189:41 amRNSFinal Results
16th Apr 201811:03 amRNSMapping at Marengo Identifies Au/Cu Systems
27th Mar 20189:29 amRNSHolding(s) in Company
16th Mar 201810:01 amRNSGrant of Monarch Exploration Licence
12th Mar 20187:07 amRNSRock samples return over 1 ounce/tonne gold
2nd Mar 20189:54 amRNSHolding(s) in Company
21st Feb 201810:27 amRNSBoard Changes
8th Feb 20187:00 amRNSUpdated Company Presentation
25th Jan 20188:22 amRNSUpdate of Plateau Project & further drill results
18th Jan 20187:00 amRNSNew Exploration Licence Application
10th Jan 20188:04 amRNSInitial Drilling Results at Lighthouse
8th Jan 20187:00 amRNSHolding(s) in Company
22nd Dec 20171:08 pmRNSHolding(s) in Company
19th Dec 20172:31 pmRNSCompanies House Notice
19th Dec 201710:22 amRNSBoard Change
18th Dec 20177:54 amRNSNew Exploration Licence Application at Lighthouse
7th Dec 20179:34 amRNSDrilling Update
24th Nov 201712:45 pmRNSDirector/PDMR Shareholding
23rd Nov 20172:31 pmRNSHolding(s) in Company
22nd Nov 20172:00 pmRNSCommencement of Drilling
16th Nov 20177:41 amRNSExploration Licence Application at Lighthouse
3rd Nov 20177:00 amRNSDirector/PDMR Shareholding
30th Oct 20177:59 amRNSLighthouse Gold Project Update
24th Oct 20171:04 pmRNSDirector/PDMR Shareholding
20th Oct 20173:10 pmRNSDirector/PDMR Shareholding
18th Oct 20174:49 pmRNSHolding(s) in Company
18th Oct 20179:33 amRNSHolding(s) in Company
16th Oct 20178:00 amRNSCorporate Presentation
13th Oct 20173:56 pmRNSResult of AGM and General Meeting
19th Sep 201712:58 pmRNSPublication of circular and notice of AGM and GM
18th Sep 20171:35 pmRNSConditional Subscription by Director
18th Sep 201710:41 amRNSConditional Placing and Acquisition
13th Sep 20174:00 pmRNSInterim Results
26th Jul 20174:45 pmRNSHolding(s) in Company
30th Jun 20177:00 amRNSFinal Results
14th Jun 201712:00 pmRNSHolding(s) in Company
9th Jun 201712:14 pmRNSBoard Change
6th Jun 20177:00 amRNSHolding(s) in Company
24th May 20175:12 pmRNSHolding(s) in Company

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